Tesla Motors Inc (TSLA) CEO Musk Investing $100M In Company

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Electric car company Tesla Motors Inc (NASDAQ:TSLA) is trying to ride on the stock’s recent performance by raising more money, offering new common and convertible shares. Elon Musk, Tesla Motors Inc (NASDAQ:TSLA)’s Chief Executive Officer and cofounder, also intends to purchase shares of common stock at the same public price for an aggregate purchase price of $100 million. Out of this amount, roughly $45 million would be purchased in the common stock offering, while approximately $55 million would be purchased directly from Tesla Motors Inc (NASDAQ:TSLA). The direct purchase offering would be made in a subsequent private placement, due to waiting…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports